Tax Breaks for Investment in Innovative Start-Ups
FY 2025 – The End of the Road? Italian tax incentives for investment in innovative start ups and SME’s mainly expired at the end of 2025. These incentives outlined below were temporary state-aid schemes approved by the EU and therefore expressed to have an expiry date. The 30% incentive expired on 31 December 2025 and […]
Frontier workers residing in the ‘new’ border municipalities – Special Tax Regime – Decree-Law 113/2024 (‘Omnibus’ Decree-Law)
2024 Rules Article 6 of Decree Law 113/2024 establishes a special regime for workers residing in municipalities, specifically identified in Annexes 1 and 2 of the DL, which are wholly or partially within the 20 km zone from the Swiss border. Such individuals may opt for the application, on income from employment received in Switzerland, […]
Agevolazioni fiscali per lavori di ristrutturazione edilizia - 2024
What are they? It is important to note that each tax relief has specific eligibility criteria, timings, deadlines and requirements, so consultation on any specific works with a professional (in the first instance a Geometra or Architetto) is essential in order to determine which tax relief is applicable to your specific situation, depending on […]
Translation of Post 2024 Impatriates Relief – Base Legislation
This is a fairly literal translation into English of the Italian legislation implementing the Impatriates Relief in its post 2023 version. The text is given simply as a courtesy and should not be relied upon for any decision on whether the Relief applies in any particular circumstances since it must be read together with Tax […]
Special Tax Regime for University Professors and Researchers moving to Italy
A 6-18 year preferential tax regime granted to professors and researchers who transfer their tax residence to Italy in order to work from Italian soil
“Impatriates” – 70%/90% Tax break to attract “human capital” to Italy – pre 2024 Rules
The Italian Council of Ministers in a Press Release no 54 of 16 October 2023 proposed a significant reform of the Italian Impatriates Regime. The reform was enacted by Legislative Decree Dec. 27, 2023, No. 209 which was published in the Official Gazette (OG General Series No. 301 of 28-12-2023) and is stated to enter force from 1 […]
Tax Step Up of Shares/Land and Buildings – Revaluation
Law Decree no. 17 of March 1, 2022, containing urgent measures for the containment of electricity and natural gas costs, the development of renewable energy and the relaunch of industrial policies, known as the Energy Decree was published in the Official Gazette no. 50 of March 1, 2022. Article 29 of the Decree confirms the […]
Stock options – the timing of the tax benefit
The Italian Tax Agency responding to a request for an official interpretation on the tax treatment of options (no. 23 of 5 February 2020) has set out its view of the moment in which stock options become taxable in the hands of employees working in Italy. This particular stock option plan saw the grant of […]
Decree Law “ Cura Italia” – Covid-19 – Special Measures To Protect Health and Support the Economy.
At a meeting of the Italian Council of Ministers of 16 March 2020 (press release no. 37/2020), the Prime Minister, the Minister of Labour and Social Policies (Nunzia Catalfo), and the Minister of Economy and Finance (Roberto Gualtieri) set out the principle measures contained in a Law Decree (Decreto-Legge 17 marzo 2020, n. 18 “Cura […]
Flat Tax for pensioners coming to live in the South of Italy – 10 years at 7%
What does the special tax relief consist of? A 7% flat tax on all income for all pensioners (regardless of nationality) who: have been tax resident outside Italy for at least five (5) years prior to the tax year in which they become Italian tax resident; transfer their tax residence to one of the Regions in […]